Important Banking GK for IBPS SO
Question 1 : The Reserve Bank of India had granted
'in-principle' approval to how many applicants to set up Small Finance Banks.
Answer: 10
Question 2 : What is the validity of the “in-principle”
approval granted to enable the applicants to comply with the requirements and
fulfil other conditions as stipulated by the RBI?
Answer: 18 months
Question 3 : Under what act the RBI issued a license to open
the small finance bank?
Answer: Banking Regulation Act, 1949
Question 4 : The RBI issued license under what section of
the Banking Regulation Act, 1949?
Answer: Section 22
Question 5 : Which committee is associated with small banks?
Answer: Dr Nachiket Mor
Question 6 :How many years of experience an individual
should have in banking and finance, companies and Societies to become eligible
as promoters to set up small banks.
Answer: 10 years
Question 7 : How many years of professional experience a
promoter/promoter groups should have in order to be eligible to promote small
finance banks.
Answer: 5 years
Question 8 : Small Finance Bank should be registered as a
public limited company under which act?
Answer: The Companies Act, 2013
Question 9 : What should be the promoter’s contribution in
Small finance banks?
Answer: At least 40 %
Question 10 : Promoter’s contribution of 40% should be for
how much time?
Answer: 5 years. The shareholding should be brought down to
40 % by the end of the 5th year, to 30 percent by the end of 10th year and to
26 percent in 12 years.
Question 11 : The maximum loan size to single/group
borrowers/issuers would be restricted to what percent of total capital funds?
Answer: 15%
Question 12 : Loans and advances (up to Rs 25 lakhs),
primarily to micro enterprises, should constitute at least what percent of the
loan portfolio?
Answer: 50%
Question 13 : For the first three years, what percent of
branches of small finance banks should be in unbanked rural areas?
Answer: 25%
Question 14 : Initially, for how many years prior approval
is required in case of branch expansion?
Answer: 3 years
Question 15 : The small finance banks are required to extend
what percent of their Adjusted Net Bank Credit (ANBC) to the sectors eligible
for classification as priority sector lending (PSL) by the Reserve Bank?
Answer: 75%
Question 16. Which is India’s first small bank?
Answer: Capital Small Finance Bank
Question 17 : Maximum loan size to an individual cannot
exceed what percent of total capital funds?
Answer: 10%
Question 18 : Maximum loan size in case of a group cannot exceed what
percent of total capital funds?
Answer: 15%
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